Can I retire at age 54 with 917,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$75,725$75,050$74,392$73,750$73,123$72,723
2 years$37,488$36,789$36,113$35,457$34,820$34,417
3 years$24,743$24,042$23,367$22,717$22,092$21,697
4 years$18,373$17,674$17,005$16,367$15,756$15,373
5 years$14,551$13,856$13,197$12,571$11,977$11,608
6 years$12,004$11,315$10,665$10,053$9,477$9,121
7 years$10,186$9,502$8,863$8,265$7,708$7,365
8 years$8,823$8,145$7,516$6,934$6,394$6,065
9 years$7,763$7,092$6,474$5,906$5,385$5,070
10 years$6,916$6,251$5,644$5,091$4,588$4,287
11 years$6,223$5,565$4,969$4,431$3,946$3,658
12 years$5,646$4,995$4,410$3,886$3,419$3,144
13 years$5,158$4,514$3,940$3,431$2,982$2,719
14 years$4,741$4,103$3,540$3,046$2,614$2,364
15 years$4,379$3,748$3,196$2,716$2,301$2,064
16 years$4,063$3,439$2,898$2,432$2,034$1,808
17 years$3,784$3,167$2,637$2,185$1,804$1,589
18 years$3,537$2,926$2,407$1,969$1,604$1,400
19 years$3,315$2,712$2,204$1,779$1,429$1,237
20 years$3,117$2,520$2,022$1,612$1,277$1,094
21 years$2,937$2,348$1,860$1,463$1,143$970
22 years$2,774$2,191$1,714$1,330$1,024$861
23 years$2,625$2,050$1,583$1,211$919$766
24 years$2,489$1,920$1,464$1,105$826$682
25 years$2,364$1,802$1,356$1,009$744$607
26 years$2,249$1,694$1,258$922$670$541
27 years$2,142$1,594$1,168$844$604$483
28 years$2,044$1,502$1,086$774$545$432
29 years$1,952$1,417$1,010$709$492$386
30 years$1,867$1,338$941$651$445$345
31 years$1,787$1,265$877$598$402$309
32 years$1,712$1,197$818$549$364$276
33 years$1,642$1,134$764$505$329$247
34 years$1,576$1,074$714$465$298$222
35 years$1,515$1,019$668$428$270$199
36 years$1,456$967$625$394$244$178
37 years$1,401$919$585$363$222$160
38 years$1,349$873$547$335$201$143
39 years$1,300$830$513$309$182$128
40 years$1,254$790$481$285$165$115
41 years$1,209$752$451$263$150$103
42 years$1,167$716$423$242$136$93
43 years$1,128$682$397$224$123$83
44 years$1,090$650$372$207$112$75
45 years$1,053$620$350$191$102$67
46 years$1,019$592$328$176$92$60
47 years$986$565$309$163$84$54
48 years$954$539$290$150$76$48
49 years$924$515$273$139$69$44
50 years$895$492$256$129$63$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $917,000, adding $4,054 every year, while hoping to spend $35,973 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 49/24/27 Blend
53$917,000$917,000$917,000$917,000
54$1,014,716$966,115$951,901$1,056,482
55$1,079,942$975,179$945,515$1,095,209
56$1,150,615$983,482$937,709$1,133,368
57$1,227,254$990,949$928,398$1,174,121
58$1,310,426$997,498$917,492$1,217,729
59$1,400,759$1,003,045$904,898$1,264,483
60$1,498,942$1,007,499$890,517$1,314,705
61$1,605,731$1,010,764$874,246$1,368,750
62$1,721,960$1,012,736$855,978$1,427,013
63$1,848,546$1,013,306$835,600$1,489,930
64$1,986,499$1,012,360$812,994$1,557,985
65$2,136,930$1,009,773$788,036$1,631,712
66$2,301,060$1,005,415$760,599$1,711,702
67$2,480,236$999,148$730,547$1,798,610
68$2,675,939$990,825$697,739$1,893,159
69$2,889,798$980,289$662,027$1,996,149
70$3,123,611$967,376$623,258$2,108,465
71$3,379,352$951,911$581,270$2,231,086
72$3,659,198$933,707$535,895$2,365,093
73$3,965,547$912,569$486,957$2,511,682
74$4,301,035$888,288$434,273$2,672,174
75$4,668,570$860,643$377,651$2,848,030
76$5,071,352$829,402$316,890$3,040,862
77$5,512,905$794,318$251,781$3,252,455
78$5,997,112$755,130$182,106$3,484,776
79$6,528,246$711,561$107,636$3,740,003
80$7,111,019$663,318$28,133$4,020,538
81$7,750,616$610,094$0$4,329,035
82$8,452,752$551,562$0$4,684,763
83$9,223,721$487,376$0$5,084,331
84$10,070,455$417,172$0$5,523,277
85$11,000,592$340,565$0$6,005,629
86$12,022,546$257,146$0$6,535,825
87$13,145,586$166,486$0$7,118,763
88$14,379,923$68,132$0$7,759,842
89$15,736,808$0$0$8,465,014
90$17,228,634$0$0$9,250,985
91$18,869,057$0$0$10,135,138
92$20,673,120$0$0$11,107,602
93$22,657,400$0$0$12,177,326
94$24,840,158$0$0$13,354,169
95$27,241,516$0$0$14,648,996
96$29,883,644$0$0$16,073,774
97$32,790,969$0$0$17,641,694
98$35,990,406$0$0$19,367,285
99$39,511,611$0$0$21,266,561
100$43,387,259$0$0$23,357,162